Credit Agricole S A Increases Position in Keurig Dr Pepper, Inc $KDP

Key Points

• Credit Agricole S A has increased its stake in Keurig Dr Pepper, Inc. by 10.1%, now owning 441,385 shares valued at approximately $15.1 million.
• Several hedge funds, including Continuum Advisory LLC and LRI Investments LLC, have also significantly increased their holdings in Keurig Dr Pepper during the first quarter.
• Insider activity showed significant transactions, with Mary Beth Denooyer selling 12,000 shares while the director Michael G. Van De Ven acquired 15,000 shares, highlighting active management participation in the company's stock.

Credit Agricole S A lifted its position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 10.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 441,385 shares of the company's stock after acquiring an additional 40,429 shares during the quarter. Credit Agricole S A's holdings in Keurig Dr Pepper were worth $15,104,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. ST Germain D J Co. Inc. purchased a new stake in shares of Keurig Dr Pepper during the 1st quarter worth about $27,000. Continuum Advisory LLC raised its position in shares of Keurig Dr Pepper by 82.5% during the 1st quarter. Continuum Advisory LLC now owns 1,332 shares of the company's stock worth $46,000 after purchasing an additional 602 shares during the last quarter. Global Trust Asset Management LLC acquired a new position in shares of Keurig Dr Pepper during the 1st quarter worth about $48,000. LRI Investments LLC raised its position in shares of Keurig Dr Pepper by 65.6% during the 4th quarter. LRI Investments LLC now owns 1,527 shares of the company's stock worth $49,000 after purchasing an additional 605 shares during the last quarter. Finally, Riverview Trust Co raised its position in shares of Keurig Dr Pepper by 47.7% during the 1st quarter. Riverview Trust Co now owns 1,710 shares of the company's stock worth $59,000 after purchasing an additional 552 shares during the last quarter. 93.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on KDP shares. JPMorgan Chase & Co. reduced their price target on shares of Keurig Dr Pepper from $39.00 to $38.00 and set an "overweight" rating for the company in a research report on Thursday, July 17th. Barclays upped their price target on shares of Keurig Dr Pepper from $37.00 to $39.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. HSBC upgraded shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and upped their price target for the stock from $36.00 to $42.00 in a research report on Friday, April 25th. UBS Group reduced their price target on shares of Keurig Dr Pepper from $42.00 to $40.00 and set a "buy" rating for the company in a research report on Thursday, July 17th. Finally, Hsbc Global Res upgraded shares of Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 25th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $39.77.

Keurig Dr Pepper Price Performance

KDP stock traded down $0.07 during mid-day trading on Friday, reaching $35.13. The company's stock had a trading volume of 5,121,713 shares, compared to its average volume of 8,519,518. The stock has a market cap of $47.72 billion, a PE ratio of 31.37, a P/E/G ratio of 2.56 and a beta of 0.45. The company has a current ratio of 0.64, a quick ratio of 0.40 and a debt-to-equity ratio of 0.56. Keurig Dr Pepper, Inc has a fifty-two week low of $30.12 and a fifty-two week high of $38.28. The company's 50 day moving average is $33.71 and its two-hundred day moving average is $33.65.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The company reported $0.49 EPS for the quarter, meeting the consensus estimate of $0.49. The firm had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.14 billion. Keurig Dr Pepper had a net margin of 9.75% and a return on equity of 11.05%. The business's revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.45 EPS. Equities research analysts expect that Keurig Dr Pepper, Inc will post 1.92 EPS for the current year.

Insider Activity

In other news, Director De Ven Michael G. Van purchased 15,000 shares of Keurig Dr Pepper stock in a transaction dated Wednesday, June 4th. The shares were purchased at an average price of $33.20 per share, with a total value of $498,000.00. Following the transaction, the director owned 15,000 shares in the company, valued at $498,000. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock in a transaction that occurred on Thursday, July 17th. The shares were sold at an average price of $33.66, for a total transaction of $403,920.00. Following the sale, the insider directly owned 82,511 shares in the company, valued at approximately $2,777,320.26. The trade was a 12.70% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 679,601 shares of company stock valued at $22,508,712. 0.40% of the stock is currently owned by company insiders.

Keurig Dr Pepper Company Profile

Keurig Dr Pepper Inc owns, manufactures, and distributors beverages and single serve brewing systems in the United States and internationally. It operates through three segments: U.S. Refreshment Beverages, U.S. Coffee, and International. The U.S. Refreshment Beverages segment manufactures and distributes branded concentrates, syrup, and finished beverages.